and what it all means for you with our headliners, house democraticleader,nancypelosi, househomeland security chair, peter king, and carl levin of the senate armed services committee, and insights and analysis with our powerhouse roundtable with george will, donna brazile, jonathan karl, newt gingrich and congressman xavier becerra. >>> plus -- ♪ sugar sugar >> america's favorite tasty treat turns into another political football. is it twilight for the twinkie? >>> good morning. george stephanopoulos has the weekend off. we begin with breaking news from the middle east where despite talks of a possible cease-fire, the air war between hamas and israel is continuing. so let's get right to it. we have alex marquardt in gaza city and christiane amanpour in jerusalem, and, alex, let me begin with you. give us a sense of what's been going there on in gaza. >> reporter: good morning, martha. it's been very consistent pummeling of gaza by the israeli air force and a consistent launching of rockets by these palestinian militant groups. we are hearing the bombings going off rather incessantl

. it was a personal mistake. >> i sat down with house minorityleadernancypelosi. we'llhear more from that interview, but let's listen to what she said about this. >> so you don't think he should have resigned? >> well, that was his decision. that was his decision. my only -- >> but if you just think it's a personal matter, why should he resign? >> what happens in his life is not my business. what happens on the internet is i think stupid, but those are decisions that he made. i think he did something that wasn't good, and he made the honorable decision to resign. >> congressman king, should he have resigned? >> i think all the fact is, yes. i have great regard for general petraeus. i consider myself a friend of general petraeus, and he's handled himself with great dignity and class over the years. he's an outstanding leader. obviously mistakes were made here. i think we have to reach a stage, though, when you think of so many leaders in the past who have had sexual indiscretions and they stayed in office in the modern world in which we live, i guess it's almost like zero tolerance fo

then they would haveputnancypelosiincharge of the house of representatives. see, i think these ideas that we talked about, i think they're popular ideas. this is a very close election. >> hogan, people are going to look at this and wonder why is paul ryan still clofrping around on the same cement shoes that tanked his bid on the romney ticket and heading back to d.c. after it was a mandate that the nation spoke and put the president back in power? >> i think this largely speaks to political capital. and right now the president has a lot of political capital. i don't think he should waste that on someone like susan rice's nomination where it will be met with a ton of resistance, rightly or wrongly, that's not the point. he should use that political capital to try to ram through some of the things he's been talking about on the campaign trail for the last year, but even previous to that in 2008. paul ryan makes a good point, though. i do agree. i don't think the president has a mandate per se but a lot of political capital. just depends how he wants to spend it and the republicans, if they don

,congresswomannancypelosiisholding a news conference saying she wants to remain democratic leader in the house and aides said she made the announcement just a short time ago while talking with her caucus. let's listen. [ applause ] >> millions of women's votes that it took to re-elect president barack obama. [ applause ] >> yes. >> millions of women's votes who helped us elect a record number of women to the congress of the united states. as you look forward, understand that you are looking into the future. the future of empower. of women in america. you saw some of these faces yesterday among the new members-elect. i said then that they were part of the most diverse caucus in the history of the world, the first time their parliamentary body would have a party who had a majority of women and minorities. as its strength and we're very, very proud of that. i said yesterday we did not have the majority but we have the gav gavel. excuse me. we don't have the gavel. we don't have -- we have our own gavel. we have something more important. we have unity. we do not have the gavel, we do

democraticleadernancypelosisaysshe won't budge when it comes to tax hikes for the wealthy, putting her directly at odds with house speaker john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that could leave rates the same but cap deductions for high-income earners. is that something that's acceptable? >> no. >> not at all no, way? >> no. the preponderance made it very clear in his campaign that there are not enough -- what you just described is a formula and a blueprint for hampering our future. you cannot go forward -- you have to cut some investments. if you cut too many you are hampering growth, you're hampering education, investments for the future. >> and even thousands of miles away it appears president obama is still focused on those negotiations. while touring a royal monastery with secretary of state clinton in thailand the president was overheard mentioning the budget talks to a monk. the president later clarified his comments -- >> he's not any monk. >> no. >> he has some big i vestme

's a mandate here? >> i don't. because then they would haveputnancypelosiincharge of the house of representatives. see, i think these ideas that we talked about, i think they're popular ideas. this is a very close election. >> despite a scoreboard of 332 to 206, congressman paul ryan refuses to admit that president obama might have a mandate to push his agenda, a big part of which includes raising taxes on high earners. this week the president is holding court with ally and opponents to discuss the upcoming fiscal cliff. yesterday, at a meeting with progressive leaders the president said he would not give in to republican demands to extend all of the bush tax cuts. today he will meet with business leaders. the discussions underscore the president's opposing constituencies, but according to new york magazine's jonathan chaits the president has to do what he want -- joining us now from washington, "new york" magazine columnist by god jonathan chait. hello, my friend. >> thank you. >> jonathan, so the president met with progressive leaders yesterday and i think gave them some welc

. now a new call for answers from susan rice herself. negotiating fiscal cliff.didnancypelosijustdraw a red line? today she's saying she won't sign off on any deal that does not increase taxes on the rich. >>> and president obama is dealing with all of this while in the midst of his trip through asia, including israel and gaza on the brink of war. >> we're going to have to see what kind of progress we can make in the next 24-36-48 hours. if we're serious about wantsing to resolve this situation and a create a genuine peace process it starts with no more missiles being fired into israel's territory. >> first off, we're in a developing story in the middle east. let's go now to stephanie gosk, who is in tel aviv with the latest. what's the tone on ground today? >> well you hear the president say that as long as rockets were dropping, it was going to be impossible to get a cease-fire here. and the rockets definitely keep on coming. and there have been attacks back and forth. a couple of volleys of rockets that came toward tel aviv. intercepted by the israeli missile defense system, i

the republicans amenable to increases in taxes -- >> use the word "revenue." >> youhadnancypelositakingthe position -- $1 million, not $250,000. john mccain has suggested make it $500,000. that is where the movement is going to come, with that number. >> is there a deal inhe works behind closed doors that we don't know about? >> i don't think so. public posturing at this point. >> here is the difference since the election. the tea party is not as strong as it was. yes, the members who came back one at gerrymandered districts, but speaker boehner has more control of his caucus this time. >> mitt romney explains why president obama won the election. >> what the president is give them two things -- one, big gift on immigration with the dream act d the amney pgram. no. 2, he put in place obamacare, which basically is $10,000 a family. >> mitt romney explaining to his biggest donors why he lost the election. gov. bobby jindal, chris christie, they don't like that kind of talk. >> well, it is politically suicidal. every once in awhile in my reporterial life i think, you are an idiot -- maybe

-- >> use the word "revenue.">>nancypelositookthe position, a good negotiating position, that it ought to be $1 million to hundred $50,000. another -- and not $250,000 bid another suggestion, $500,000. that is where the movement is going to come, on that number. . >> nibbling at the edges. >> i now, but that is where the movement comes. >> is there a deal behind closed doors we don't know about? >> i don't think so. public posturing at this point. >> the tea party is not as strong as it was. the members who came back won gerrymandered districts, but speaker boehner has more control of his caucus this time. >> mitt romney explains why he lost the election. >> the president gave them a big gift on immigration with the dream act and the amnesty program. number two, put in place obamacare, which is basically $10,000 a family. >> there is mitt romney extending to its biggest donors why he lost the election. gov. bobby jindal, chris christie, they don't like that kind of talk. >> well, because it is politically suicidal. every once in awhile i say to myself, you are an idiot. every time you

have eannancypelositakingthe position that it $1 million, not $250,000. said make itas $500,000. movement ise the going to come. >> we are nibbling at the edges. know, but that is where comes.ement >> i is there a deal behind clod doors that that we don't know about? i don't think so. posturing at this point. >> the tea party is not as was.g as it the memberswho came back won in gerrymandered districts, boehner has more control of his caucus this time. >> what the president did oneive them two things is it gives them two things -- one, a big tiff with the act and the amnesty program, and number two, a big obamacare, $10,000 a family. >> mititt romney explaining to s donors when he lost the election. gov. bobby jindal, chris chriristie, they don't like that kindnd of talk. well, becauause i h politically suicidal. -- is politicallyly suicidal. awhile i say to myself, you are an iot. ery me you, maybe he misspoke with 47% and we were doing him a disservice. now, that is what he meant that he said it again. >> toward t the end of the much -- hwas >> much more magnanimous. >> it

there's a mandate? >> i don't because then they would haveputnancypelosiinthe charge of the house of representatives. i think these ideas we talked about, i think they're popular ideas. this is a very close election. unfortunately, divided government didn't work very well the last two years. we have to make sure it works for the next two years. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. [ male announcer ] to learn more about the cold truth [ female announcer ] some people

@thekudlowreport. we'll read them later in the show. >>> guesswhat?nancypelosiisstaying. wow! in congress. as the minority leader of the house democrats. holy cow. surrounded by women democrats at the house, nancy pelosi told reporters today they were looking into the future. more women, more minorities in the incoming house. more than ever before with her decision. the democratic leadership is not going to change in the new house of representatives in january. and all i'll say is my condolences to her longtime deputy, steny hoyer. >>> anyway, stocks dropped sharply on president obama's press conference today. the dow closed down almost 700 points since the election itself. keith boykin notwithstanding. we'll look at the growing number of investor pessimists. this is not good. >>> later, markets also have their eye on a big escalation in mideast hostility. hamas declaring war on israel. this while we have no cia director. >>> and don't forget, free market capitalism is the best path to prosperity. i don't know why we have to raise $800 billion in revenues. makes no sense to me. cut spendi

by democraticleadernancypelosi. thensenators of both parties on their leadership elections. later republican senators john mccain, nancy gramm, and others call for the investigation on the attacks of the u.s. consulate in libya. the senate armed services committee holds a hearing tomorrow morning on the nomination of marine corps general joseph dunford. that is live on c-span 3 at 9:30 eastern. general dunford is assistant commandant of the marine corps. now house speaker john gainer on his party's leadership election and the agenda for the lame duck session of congress. top priority which is jobs. i'm proud of my leadership caucus who are going to serve. and while some of us who are returning to the leadership, we have new members and you will get to hear from them in a moment. our majority is the primary line of defense for the american people against a government that spends too much, borrows too much when left unchecked. i have outlined a framework for how both parties can work together to avert the fiscal cliff without raising tax rates and through a combination of pro-growth tax reform

the next year in the next 24 hours. will house minorityleadernancypelosistayor go? pelosi has been coy about whether she plans to run for leader again. tonight she meets the top democrats. tomorrow morning another meeting with democratic leadership as she prepares for a meeting with the full democratic house caucus. will we know her plans by tomorrow night? smart money still says she probably doesn't run again, but two years ago that was where the smart money was, too. if she doesn't run, steny hoyer is as close to a shoo-in as you can get to replace her. there's just not the votes for somebody else to challenge steny hoyer but you never know. then there is defense secretary leon panetta. he was asked about his second term plans on the plane traveling to australia, and he told reporters, quote, it's no secret that at some point i would like 0 to get back to california. panetta is likely to stay in the post through the budget negotiations and possibly through the spring when they do the next round of budgets. so does that mean he's willing to stay in the pentagon for four more years? fo

by a full house vote. there was some buzz aboutwhethernancypelosiwouldcontinue on as the top house democrat, which she told us today. >> my colleagues made it very clear and in fact i think they must have coordinated with each other because their message was clear, don't even think of leaving. >> if the next congress is anything like this congress, you can expect plenty of boehner vs. pelosi battle, shep. >> shepard: mike emanuel at the retundra, thanks. now the storm aftermath. the long road to recovery continues after historic storm sandy. we have details now on the legal battle over the power outages that have lasted more than two weeks in some cases. plus, you will hear a top u.s. official threaten to punch out a reporter. you will probably like this. they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >> shepard: the f

'shappening.nancypelosiwantsto serve again as house minority leader. she's submitting her name. more americans are living in poverty. 49.7 million are living below the poverty line. and now back to "hardball." >>> do you think photo i.d. would have made any difference? the outcome of this election? >> yes, i think so. we're looking at all sorts of different precincts and all sorts of same-day registrations. people will go on, we don't have fraud and abuse in our election, but why can't we have voter i.d. when majority of our people in wisconsin want it, the governor signed it. why should one judge in dade county be able to hold it up? >> there you have the problem with the republican party. pay a lot of attention to that what that woman just said, senate senator. that's the state -- state senator wisconsin, i don't know her, served as mitt romney's co-chair in the state and now she's saying suppressing the vote by requiring voter i.d. cards would have made the difference in wisconsin. let's look at the facts. apparently she's not interested in the facts. obama won wisconsin by 205,00

here a while. you've seen a lot of these meetings. most likely a photo op before theweekend.nancypelosiwas saying yesterday that she would welcome a number that both sides could start working toward and some republicans also say that. do you think there is any hope that maybe by just november, the end of november, there could be consensus on, okay. here's the top line where we're going to write the bill to. do you think that is possible? >> i don't want to minimize the difficulty ahead but i definitely think and get the impression from everything that both sides have said post election that there is some hope here in part. and greater hope for an agreement in the shorter term. there will be a lot of work that would have to be done next year to fill in the details but more of a chance of a deal now since you have the same cast of characters back at the table than you would have if mr. romney would have been elected. they know each other. they've talked about these issues before. they've already winoed down the issues. >> fascinating. if that becomes true. we'll talk more and get

at this and moving on it. but with now 45 days to go, you know, i think the minorityleadernancypelosi's goalof christmas is a good one. it's probably also realistic that it won't happen before then. >> what about to both of you, if, if we get the money, say we get this trillion dollars one way or another, is there a guarantee, nancy, to you first, that, that this goes to reducing the deficit? i mean, do we have that guarantee? is there any way it could be spent? >> well, i feel like the president has talked about spending some of that before on infrastructure projects, and the idea of creating jobs. but i do think that the bulk of it will go towards reducing the deficit. that's something that both parties agree really has to be tackled. and the problem is that if they don't tackle it now they'll have to tackle it down the road. so i think that this will be -- this is one of the few shared goals that they do have, taking that money to reduce it. >> you agree, ed? >> yeah, absolutely. i think you mention infrastructure. i mean, that is one possible spending program or stimulus-like proposal t

republicans will be the ones taking the blame.>>nancypelosiinsiststhat raising tax rate for the rich is going to happen. let me show you this. >> we've seen talk about a possible compromise that would leave rates the same but cap deductions for high-income earners. is that something that's acceptable? >> no. >> not at all. no way. >> well, no. i mean, the president made it very clear in his campaign that there is not enough -- there are not enough -- what you just describe is a formula and a blueprint for hampering our future. >> heather, do you think the republicans will back down on this kind of insistence by the president backed up by pelosi and the democrats? >> i think there's real reason for hope. i think that the president soundly won the election, that the democratic senate got more progressive with people like elizabeth warren with sharon brown beating back hundreds of millions of dollars in special-interest corporate money from likes like the chamber. so i think there is hope for there to have been a strong signal started frankly last year with occupy, where we had this fra

cliff issue. we have new commentsfromnancypelosionthe fiscal cliff today. let's listen to that. >> would you accept a deal that does not include tax rate increases for the wealthy. we have seen a possible compromise that would leave rates the same but cap deductions for top earners? >> no. the president made it clear there are not enough -- what you described is a formula and a blueprint for hampering our future. >> what do you think? does this mean a deal will not get done? >> i think there is desire on both sides to get a deal done. that doesn't mean we will see one. both sides are taken the election to mean that the american people want action. the president has taken it to mean the american people endorsed his so-called balanced approach to balancing the budget. and we saw spirited koopg with the leaders coming out after the meetening a now they mr. get down to the details where to make cuts and revenue increases and can do you do it by just closing loopholes, is that enough or do you have to talk about tax rates in particular think tax rating for the wealthy. that's is whe

? >> if the president had amandate,nancypelosiwouldbe the speaker of the house. >> the same question i put to gene sperling. how confident are you as these first face-to-face negotiations began, there will be a deal that you and your colleagues can support? >> very confident. there is an opportunity the president has to lead the country in a way that he wanted to back in 2008. there is a benefit to limited government. the president did not have it in 2009 when there was an expectation. listen, this move forward with the agenda. now, there is a restraining influence. i think there is an obscenity for both of these men, the state senate, their dispositions to come up with a remedy to get it done. >> would be better if it was just the two of them? >> are you stringing me out? >> well, they both have temperaments that can get to yes and that is a good thing in leaders. >> thank you for joining us. >> great, thank you. one of the players in these negotiations. thank you for that republican perspective. [captioning performed by national captioning institute] [captions copyright national cable satellite

leaders to avoid the fiscal cliff. boehner and mcconnelandnancypelosiandharry reed reed. without a deal billions of tax increases go into affect january 1st. and those are your head lines. i would like to be a fly on the wall for that meeting. >> brian: there is shock waves across the markets. coming in way above expectations, remember that explanation. hurricane sandy's fault. everyone gets fired when a hurricane hits? what kind of logic is that. >> a crash scene with a baby girl trapped in the twisted metal. but you haven't seen the hero that jumped inside to save her, he's coming up this hour. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. it's a new way to get cash back deals, and it's called bankamerideals! i sign into my online banking... click the "cash back deals tab"... and pick the deals i want. i just use my bank of america debit or credit card when i pay,

connell and house speaker john boehnerandnancypelosi. they'reall going to try to make some progress in coming to an agreement in how to increase revenue and decrease spending before the tax cuts expire for everyone and pre-determined spending cuts kick in automatically. the president said he's willing to compromise but not if it means protecting the top 2% from paying their fair share. "huffington post" reports that a coalition of labor groups are mounting a campaign to put pressure on coming to a progressive solution to avoid the fiscal cliff. they would air ads targeting house republicans and some senate democrats they say protect healthcare, education social security and rely heavier on higher tax it was. peter king spoke briefly with report he is this morning following general david petraeus' testimony behind closed doors. did he not give many details stating it's an ongoing investigation. >> they now clearly believe that it did not arise out of a demonstration. it was not spontaneous and it was clear terrorist involvement. >> she's talking about the september 11th attack on our consulate

subscribe to that? >> no. if the president had amandate,nancypelosiwouldbe the next speaker of the happen. that one not happen. >> what about your outlook? how confident are you right now as these negotiations began at the end of the day there will be a deal that you and your colleagues can support? >> very confident. there is an opportunity the president has to lead the country in a way that he wanted to in 2008. the president did not have that in 2009. move forward with the agenda entirely. now there is a restraining influence known as house republicans. i think there is an opportunity for both men, the president who i know in my days in the senate, the speaker of the house, and their dispositions to come up with a remedy to get them out of this. >> will it be better if it is the two of them in the room? >> i think they both have temperaments that can get 2 yes. that is a good thing. >> thank you for joining us here. one of the players and these negotiations. >> next, members of the house comment on the testimony about the benghazi attacks. and then congressional black cau

freerange.nancypelosiimposefree range hens from exum re- -- in the captors in the building is remember. that california agenda violates the commerce clause of the constitution that where interstate commerce is regulate exclusively by congress, not the state. and our founding fathers understood but it needs to be stuck. i did put an amendment on the farm bill called the pike and mimic to protect interstate commerce an amendment which prohibits the states from regulating the means of production of our act product but there's a list that exists in the code. so that takes the states like california and arizona and florida out of the business of telling us, and iowa, how we're going to raise hands and produce eggs and how we're going to raise cattle and raise hogs. that's an important piece that as many fight in this campaign to go to have a lot of play in the press but that something was got to hold in the farm bill and that's another reason i want to get it to conference by the end of the year. >> i do hope that the farm bill comes to four, this bill, i hope it's an open robe

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